Bitcoin Bull Run: Flag and Pole Pattern with EMA Breakout
Bitcoin recently gave a breakout at 55 EMA on daily time frame, hinting an upcoming bullish run.
This has been a rare signal since BTC rarely crosses EMA on daily chart. (Last it crossed EMA upward in 2020 and ran to 64k)
After touching the 42k mark, a correction was observed back to 38k and might proceed to 36.5k.
The flag and pole pattern suggests an upcoming bullish move, the EMA support at 36.5k also confirms this.
The future seems to be bright with a potential bull run up to the 50k mark.
This has been a rare signal since BTC rarely crosses EMA on daily chart. (Last it crossed EMA upward in 2020 and ran to 64k)
After touching the 42k mark, a correction was observed back to 38k and might proceed to 36.5k.
The flag and pole pattern suggests an upcoming bullish move, the EMA support at 36.5k also confirms this.
The future seems to be bright with a potential bull run up to the 50k mark.
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